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City of Oak Ridge FY 2013 Budget Overview By: Mark S. Watson, City Manager Janice E. McGinnis, Finance Director.

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Presentation on theme: "City of Oak Ridge FY 2013 Budget Overview By: Mark S. Watson, City Manager Janice E. McGinnis, Finance Director."— Presentation transcript:

1 City of Oak Ridge FY 2013 Budget Overview By: Mark S. Watson, City Manager Janice E. McGinnis, Finance Director

2 Retention of current $2.39 property tax rate Retention of a minimum fund balance of $5,000,000 in General Fund Municipal salaries include a pay adjustment of 1.5% Approval of President’s Day as additional City holiday Incorporation of new Waterworks rates and scheduled rate changes for Jan. 1, 2013 New Utility debt estimated at $9M to be issued during the budget year 2013 Budget Assumptions

3 General Fund Appropriation and School Operation Transfer Remain at 2012 Levels Maintaining $2.39 Property Tax Rate General Fund Appropriation and School Operation Transfer General Fund Appropriation $19,453,250 Oak Ridge Schools Operating Transfer $14,629,302

4 9 Positions Added in Fiscal 2013 Budget due to the EPA Administrative Order A 3-position Pump Maintenance Crew starts in September Hiring of a 6-position MOM Gravity Line Crew has been delayed to January Budget Reflects Departmental Restructurings Restructurings accomplished while maintaining current position levels Positional Changes

5 Woodland Elementary School Building Repairs - $400,000 Roane State Community College Contribution 2 nd Installment - $250,000 Jackson Square (TDOT Grant Match) Revitalization- $280,000 Clean TN Energy Grant Program (Grant Match) Lighting, HVAC, & Insulation Projects - $250,000 ADA Improvements Briarcliff Park - $30,000 Rowing/Marina Improvements Private Funding Match- $25,000 Misc. Recreation Maintenance Improvements Includes ball field lights and pole replacement- $80,000 Misc. City Maintenance Improvements Includes Fire Station HVAC - $73,172 Major Capital Projects

6 May 14, 2012 School Budget Presentation to Board of Education at 5:30 pm. Public Hearing and First Reading of City Budget Ordinance at 7:00 pm. May 24, 2012 School Board Adoption of School Budget May 29, 2012 School Board Chairman to present to Budget Highlights Public Hearing and Second Reading of City Budget Ordinance 2013 Budget Schedule


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